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5% Down JV Program

JV Programs:

We now have two JV programs available as follows:

1.) ELC Program – Equity w/o Debt

 Non-Recourse, High Loan to Cost Program for entrepreneurs

(Referred to as “ELC” program)

Program highlights:

Minimum financed amount                            $7.5M

Maximum loan to cost                                    95% (exceptions higher case-by-case)

Type of financing                                            Equity only-no debt

Project types                                                   Real estate, energy, oil & gas, mines, businesses

Territory                                                          US & international (politically stable & economically viable

Amount of ownership taken                           25-45%

Loan fees to investor                                      0

Average closing time                                      90-100 days (can vary)

Investor pays for all due diligence/third party reports.

Client reimburses investor only when final loan agreement is concluded.

2.) JV Debt / Equity

We can provide both debt and equity for a joint venture project if developer has 5% of project cost to contribute, occasionally less than that if project is very strong.

Since our minimum amount for equity is $3M, total project cost must be at least $10M or so.

All of the most common property types are fine:

Apartments, assisted/senior living, hotels, retail and offices.

Typical capital stack:

Developer contribution                         5% of cost (or less)

JV partner                                                 30%

Construction loan                                  65%

Total                                                       100% of project cost

Out of Pocket Costs:

$3000-5000 fee payable after the LOI with terms is issued which covers underwriting and site visit.

Timing depends on how close developer is to being ready, 90 days or so is typical.

FAQ’s :

1. Is this non-recourse?  NO

2. Does it include international projects?  NO

3. Does this include non-construction projects?

YES IF THERE IS ENOUGH UPSIDE FOR IT TO MAKE SENSE TO THE EQUITY INVESTOR

4. What are the length of the financing and typical rates?

3-5 YRS TYPICAL BUT CAN VARY. EQUITY PRICING IS CASE BY CASE BUT DEBT USUALLY RUNS 5-6%

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